Gainesville, FL 32601,313 NE 8TH AVE
Gainesville, FL 32601,313 NE 8TH AVE
Gainesville, FL 32601,313 NE 8TH AVE
50
$850,000
$850,000
Est.Price: ?

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12 BD
6 BA
3,566 SqFt

313 NE 8TH AVE Gainesville, FL 32601

Est. payment /mo
SOLD DATE : 10/31/2023

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Panagiotis Peter Sarantidis

Panagiotis Peter Sarantidis

+1(561) 713-5599

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,566 sqft

Price per Sqft $238

Subdivision Highlands

MLS Listing ID GC516488

Sold Date 10/31/23

Bedrooms 12

Construction Status Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1937

Annual Tax Amount $7,889

Lot Size 6,969 Sqft

Acres 0.16

Property Description

This income-producing property, located within the sought-after Historic Duckpond district, comprises three contiguous parcels with a total of four buildings. Situated at the corner of 8th Ave and 4th St, this property is strategically positioned just 0.5 miles from Downtown and a mere 1.4 miles from UF.

The property boasts six well-maintained 2-bedroom, 1-bath units, with the majority of these units having undergone kitchen remodels. Additionally, these units feature elegant hardwood floors, inviting living rooms complete with fireplaces, separate dining areas, as well as screened-in and enclosed porches.

Currently, the property is fully occupied, with several long-term tenants in place. Four out of the six units have been remodeled, enhancing their appeal. Notably, all residential units are currently rented at rates below market value, presenting the opportunity for increased rental income through rate adjustments. Current Monthly Gross Income is $6,750. Rents range from $850-$1600 per month.

This property's prime location offers easy access to various amenities and institutions, including UF, downtown Gainesville, Shands Hospital, the VA Hospital, numerous dining options, shopping centers, and more. Furthermore, it is situated only steps away from prominent landmarks such as the Historic Thomas Center, Roper Park, and downtown Gainesville.

As a reminder, please refrain from disturbing the existing tenants, and seize this opportunity to become the owner of a property in the highly desirable Duckpond area.

Location

State FL

County Alachua

Community Highlands

Zoning RSF3

Interior

Interior Features Ceiling Fans(s), Master Bedroom Upstairs, Thermostat, Window Treatments

Heating Electric

Cooling Central Air, Wall/Window Unit(s)

Flooring Ceramic Tile, Tile, Wood

Fireplaces Type Wood Burning

Furnishings Unfurnished

Fireplace true

Appliance Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer

Laundry Outside

Exterior

Exterior Feature French Doors, Sidewalk

Parking Features Curb Parking, Driveway, On Street, Open, Under Building

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected

Roof Type Shingle

Porch Covered, Front Porch, Rear Porch, Screened

Garage false

Private Pool No

Building

Lot Description Corner Lot, Historic District, City Limits, Landscaped, Near Public Transit, Sidewalk, Paved

Entry Level One

Foundation Brick/Mortar, Crawlspace

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Construction Status Inspections

Schools

Elementary Schools W. A. Metcalfe Elementary School-Al

Middle Schools Westwood Middle School-Al

High Schools Gainesville High School-Al

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Read Less


Stellar MLS
Listed by FIRST CHOICE REALTY OF NORTH FLORIDA LLC
Bought with RABELL REALTY GROUP LLC

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Panagiotis Peter Sarantidis

Licensed Real Estate Sales Professional | License ID: 3332095

+1(561) 713-5599

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